Allspring Global Investments Holdings LLC Has $977,000 Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

Allspring Global Investments Holdings LLC grew its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 7,045.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,579 shares of the company’s stock after buying an additional 22,263 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of Papa Johns International worth $977,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Signaturefd LLC raised its position in Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after purchasing an additional 259 shares in the last quarter. CWM LLC lifted its holdings in Papa Johns International by 27.5% in the third quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after buying an additional 365 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Papa Johns International by 300.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares during the period. Atlas Brown Inc. raised its holdings in Papa Johns International by 5.5% in the fourth quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock worth $429,000 after purchasing an additional 546 shares during the period. Finally, KBC Group NV raised its holdings in Papa Johns International by 9.1% in the fourth quarter. KBC Group NV now owns 6,639 shares of the company’s stock worth $273,000 after purchasing an additional 551 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PZZA. KeyCorp lowered shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Stephens reiterated an “overweight” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 14th. Jefferies Financial Group dropped their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Wednesday, January 15th. Finally, UBS Group decreased their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.67.

Papa Johns International Stock Down 1.5 %

PZZA opened at $47.72 on Monday. Papa Johns International, Inc. has a twelve month low of $35.28 and a twelve month high of $76.91. The company has a fifty day moving average of $40.86 and a 200-day moving average of $46.69. The stock has a market cap of $1.56 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19.

Papa Johns International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Monday, February 10th. Papa Johns International’s payout ratio is 64.11%.

About Papa Johns International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.